Coinbase Derivatives has become the first CFTC-regulated exchange to offer margined Bitcoin Cash and Litecoin futures contracts, which launched earlier this month and are performing well.
Bitcoin Cash and Litecoin contracts launched on April 1, with Dogecoin futures launching later this month.
These contracts will be available for trading via Coinbase’s broker and FCM partners.
These contracts, sized at 1 BCH, 5 LTC, and 5000 DOGE, aim to offer enhanced trading opportunities in the crypto market, fostering a more inclusive and dynamic trading environment. Introducing additional futures contracts empowers retail traders to capitalize on price movements and hedge their existing holdings, catering to seasoned investors and retail enthusiasts alike.
Coinbase comments:
“Establishing these markets ensures critical price discovery for additional crypto assets, furthering our goal to bridge the gap between traditional finance and digital assets. We eagerly anticipate the maturation of these contracts and the liquidity they will bring to retail and institutional investors in the regulated market”.
Read More: Coinbase Derivatives launches Bitcoin Cash and Litecoin futures contracts